What it is: A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants. Under free market conditions, prices are determined almost exclusively by the forces of supply and demand.
NuvaRing is currently under the protection of a patent that prevents any generic NuvaRing from being manufactured in the United States. The first patent for NuvaRing currently expires in April 2018.This is the earliest possible date that a generic version of NuvaRing could become available. However, there are other circumstances that could come up to extend the exclusivity period of NuvaRing beyond 2018.This could include such things as other patents for specific NuvaRing uses or lawsuits.uvaRing is currently under the protection of a patent that prevents any generic NuvaRing from being manufactured in the United States. The first patent for NuvaRing currently expires in April 2018.
If you do file the nonprovisional patent application within 12 months then the filing date of your nonprovisional patent application will be deemed to be the filing date of your earlier filed provisional patent application, at least with respect to whatever you disclosed in the provisional patent application. provisional patent application lasts a maximum of 12 months and then goes abandoned. You must file a nonprovisional patent application within 12 months of the filing of the provisional patent application in order to continue to seek a utility patent.